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Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) - Mount Adrah Hobbs Deposits- The Next Major NSW Gold Systems?
 

Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) - Mount Adrah Hobbs Deposits- The Next Major NSW Gold Systems?

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Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) delivered the presentation at the 2013 Mining NSW Conference. ...

Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) delivered the presentation at the 2013 Mining NSW Conference.

The 2013 Mining NSW Conference looked at mine exploration and development opportunities in Central NSW and the Northern Tablelands with a spotlight on capital raising outlook and overseas investment.

For more information about the event, please visit: http://www.informa.com.au/miningnsw13

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    Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) - Mount Adrah Hobbs Deposits- The Next Major NSW Gold Systems? Dr Kris Butera, CEO, Gossan Hill Gold (Subsidiary of Sovereign Gold) - Mount Adrah Hobbs Deposits- The Next Major NSW Gold Systems? Presentation Transcript

    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Mount Adrah Hobbs Deposits: The next major NSW gold systems? Dr Kris Butera, CEO Gossan Hill Gold Limited (Subsidiary of Sovereign Gold) June 2013
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Disclaimer The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Sovereign Gold Company Limited (“Sovereign Gold”) nor does it form the basis of any contract or commitment. Sovereign Gold makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. Sovereign Gold, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of Sovereign Gold, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Exploration Target All statements as to exploration targets of Sovereign Gold and statements as to potential quality and grade are conceptual in nature. There has been insufficient exploration undertaken to date to define a coal resource and identification of a resource will be totally dependent on the outcome of further exploration. Any statement contained in this document as to exploration results or exploration targets has been made consistent with the requirements of the Australasian code for reporting of exploration results, mineral resources and ore reserves (“JORC Code”). Disclaimer Sovereign Gold – JORC Code Compliant Public Reports This presentation contains summaries of Exploration Results and Mineral Resources as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ (“JORC Code”). The adjacent table references the location of the Code- compliant Public Reports or Public Reporting on which the summaries are based. These references can be viewed on the ASX and the Company’s website (www.sovereigngold.com.au). The Company will provide these reports, free of charge, to any person who requests it. Release Date Title of Notice as lodged with ASX 10/09/2012 Regional Portfolio Expansion Restated 11/09/2012 Amended: Frasers Find Exploration Progress 17/09/2012 Airborne Survey Targets Confirmed 25/09/2012 EL 7770 New Cyprus-type Copper Deposits and Gold Targets 10/10/2012 Further Discoveries Following Airborne Survey 24/10/2012 Further IRGS Systems Discovered on EL 7766 02/11/2012 Newly Discovered Gold Mineralisation in Dyke Hosting
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Sovereign Gold Company Limited (Sovereign) is an ASX listed company Principally exploring for gold and base metals (copper) in NSW Newly discovered large Intrusion-Related Gold System (IRGS) - Uralla Acquisition Gossan Hill JORC Resource 239oz gold, potential target 30 million+ oz gold Strategic JV partner: Jiangsu Geology and Engineering (Jiangsu) providing significant funding ($11 million) to fast-track exploration program Unique business model with significant leverage. Wise-owl analyst research values shares at $0.43; Patersons Securities $0.41 ASX code SOC Shares on Issue 141.6 million Options 6.25 million Share price (18/06/13) 15.0 cents Market Cap $21.24 million 1-year Price Range 12.0 – 30.0 Cash/Receivables (at 31/03/13) $1.3 million JV funding $11 million JORC 239,000oz Au Major Shareholders Hudson Resources Limited (29%) Raffles Capital Limited (27%) A Specialist Gold Exploration Company
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Sovereign Gold: Company Assets Precious Metal Resources Limited ASX: PMR 81% EL 7679 EL 4474 EL 5339 JV with JiangsuSOC: 100% Jiangsu to spend A$11 million to earn a 30% interest in each EL Sovereign Gold Company Limited ASX: SOC EL 7491 EL 7768 EL 7766 EL 7769 EL 7700 EL 7701 EL 7770 Jiangsu to spend A$10 million to earn a 30% interest EL 6483 EL 7767 EL 8012 EL 8056 ELA 4760 EL 6372 EL 7844 EL 7861 EL 6648 EL 7863 EL 7862 EL 7725 EL 7726 Gossan Hill Gold Limited 239 k oz JORC
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Experienced Board and Management Effective Board with strong mix of governance, commercial and technical expertise John Dawkins AO, Chairman – Former Federal Government Minister for Trade and Treasurer of Australia. Adviser to World Bank and OECD. Michael Leu, Executive Director & Chief Executive – Over 30 years’ experience in range of mineral commodities in Australia and Asia-Pacific region. Prior roles with Freeport, Getty Oil, Queensland Ores. Peter Meers, Non-Executive Director – Broad business experience including consumer, commercial and investment banking, and mining. Chairman of Hudson Resources. Jacob Rebek, Non-Executive Director – Geologist with over 40 years experience. Prior Chief Exploration Manager roles in CRA and Rio Tinto.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Business Model: Low-cost, Significant Leverage to Exploration Funding via Joint Venture EQUITY CAPITAL MARKETS • Low cost model of tenement identification and acquisition. • Sovereign shareholders at corporate level benefit from leverage to exploration funding at tenement level contributed by Jiangsu. JIANGSU GEOLOGY & ENGINEERING CO. LTD. • Fully Funded. JV partner at tenement level provides bulk of funds for exploration. • Currently accelerating exploration at EL 7768 and EL 7491, further JVs EL 7766, EL 7769, EL 7700, EL 7701, EL 7770. Total $11 million . Realise asset JV partner Feasibility & Mining Exploration Organise data Originate • Obtain new exploration ground • Monitor exploration titles for relinquishments • Interpret information, prepare presentations, work program & budget • Review suitable JV partners • JV funding accelerates exploration • Facilitate the exploration • Compile exploration data • Scoping study of JORC resource • PFS • BFS • Mining licence • Utilise funds received for newly generated projects S T R A T E G Y F U N D I N G
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Joint Venture Provides Substantial Exploration Funding and Skilled Resources $11 million work program underway, fully funded by joint venture partner Jiangsu for minority interest in 7 ELs JV partner to hit the ground running with funding over 24 months equivalent to a major Team of 14 Jiangsu geologists, geophysicists and geochemists in field. Jiangsu to provide deep (>600m diamond drilling capacity) rig to establish JORC resource.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 ACN 147 329 833 – a subsidiary of Sovereign Gold Company Limited 239,000oz gold JORC resource Pipe 1 Conceptual Target: 3-4Moz Multiple Pipe Conceptual Target: 25-40Moz June 2013 MT ADRAH - HOBBS GOLD DEPOSIT GOSSAN HILL GOLD LIMITED
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 The material in this presentation (“material”) is not and does not constitute an offer, invitation or recommendation to subscribe for, or purchase any security in Sovereign Gold Company Limited (“SOC”) nor does it form the basis of any contract or commitment. SOC makes no representation or warranty, express or implied, as to the accuracy, reliability or completeness of this material. SOC, its directors, employees, agents and consultants shall have no liability, including liability to any person by reason of negligence or negligent misstatement, for any statements, opinions, information or matters, express or implied, arising out of, contained in or derived from, or for any omissions from this material except liability under statute that cannot be excluded. Statements contained in this material, particularly those regarding possible or assumed future performance, costs, dividends, production levels or rates, prices, resources, reserves or potential growth of SOC, industry growth or other trend projections are, or may be, forward looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual events and results may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors. The principal important risk factors that could cause SOC’s actual performance and future events and actions to differ materially from such forward-looking statements, include, but are not limited to, continuing volatility in the capital or credit markets and other changes in the securities and capital markets, changes in market prices of SOC’s investments, the occurrence of one or more catastrophic events, such as an earthquake, hurricane, or act of terrorism, changes in laws or regulations, changes in income tax laws, and changes in general economic and market factors that affect the prices of securities or the industries in which it does business. Exploration Targets The potential quantity and grade of exploration targets is conceptual in nature. There has been insufficient exploration to define a Mineral Resource (other than the 239k Inferred JORC resource previously declared, ASX: 13 March 2013) and it is uncertain if further exploration will result in the determination of a Mineral Resource. Disclaimer Gossan Hill Gold Limited Qualifying Statements The information in this Presentation that relates to Exploration Information is based on information compiled by Michael Leu a Member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists together with Dr Andrew White, a Fellow of the Australian Institute of Geoscientists and Jacob Rebek and Dr Kris Butera, Members of the Australian Institute of Geoscientists Mr Leu and Jacob Rebek are qualified geologists and are directors of Sovereign Gold Company Limited. Dr White is a director of Gossan Hill Gold Limited. Dr Kris Butera is CEO and director of Gossan Hill Gold. Limited Mr Leu, Jacob Rebek, Dr White and Dr Butera have sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to the activity, which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Resources. Mr Leu consents to the inclusion in this presentation of the Exploration Information in the form and context in which it appears.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Project overview Mt Adrah ELs 6372, 7844 (390km2) • Inferred JORC Compliant Resource: 239,000 oz @ 1.13g/t • Target 1 Pipe 1 (Hobbs Gold Deposit): 3-4 million oz gold to depth 1,000 m. • Target 2 (Multiple Hobbs-like Deposits): world class multimillion 25 – 40Moz potential Bauloora EL 7861 (90km2) • Target: low sulphidation epithermal high-grade gold/silver deposit. Pajingo analogue. Peel Fault ELs 6648, 7863, 7862, 7725, 7726 (474km2) • Targets: orogenic, intrusion-related and Carlin-type gold prospects. 3 quality project areas within 8 ELs (954km2) in NSW Current Inferred JORC Resource of 239,000 oz @ 1.13g/t Overall conceptual target of 25-40Moz Mt Adrah Gold explorer positioned for rapid JORC upgrade and near term production prospects Pipe 1 Conceptual Target: 3-4 million ounces gold with a grade range 1.13–1.40 g/t contained in 65-90 million tonnes to 1,000 metres. Multiple Pipe Conceptual Target: 25-40 million ounces gold with a grade range 1.13–1.40 g/t contained in 500-770 million tonnes to 2,500 metres.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Investment Highlights Pipe 1 Conceptual Target: 3-4 million ounces gold with a grade range 1.13–1.40 g/t contained in 65-90 million tonnes to 1,000 metres. Multiple Pipe Conceptual Target: 25-40 million ounces gold with a grade range 1.13–1.40 g/t contained in 500-770 million tonnes to 2,500 metres. Inferred & Indicated JORC Resource 239,000 oz at 1.13g/t for Mt Adrah Hobbs Gold Deposit (Pipe 1, Hobbs Pipe) Confidence in achieving Pipe 1 Conceptual Exploration Target of 3-4Moz Multiple Pipe Conceptual Target of 25-40Moz Gold Excellent logistics and infrastructure for gold mine development in a World Class gold-endowed neighbourhood Potential bulk underground mining proposition with low-operating costs
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Board of Directors Hon. John Dawkins AO Chairman Dr Andrew White Technical Director, Geologist Michael Leu MD & Director, Geologist Dr Kris Butera CEO & Director, Geologist Jacob Rebek Director, Geologist Peter Meers Director Effective Board with strong mix of governance, commercial and technical expertise Experienced Board & Management
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Mt Adrah neighbours: World Class gold mines Well-positioned in favourable regional setting for World-Class gold mineralisation Mt Adrah is on the Gilmore Suture – the same major geo-suture suite that hosts several World Class gold and base metal deposits and mines, such as Rio Tinto’s Endeavour Mines (North Parkes 8Moz gold equiv.), Newcrest’s Cadia=Ridgeway (60Moz gold equiv.), Barrack’s Cowal gold mine (2.8Moz gold equiv.) Adelong (Macquarie Gold) Unicorn Porphyry Mo (Dart Mining) Mineral Hill
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Mt Adrah neighbours: World Class gold mines Location of the Hobbs deposit at a major dilational site along the Gilmore Suture, and the zone of structural complexity immediately to the south of the deposit – representing a major exploration target analogous to the giant Donlin Creek (Alaska, USA) system.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Mt Adrah neighbours: World Class gold mines 15 Location of the Hobbs deposit at a major dilational site along the Gilmore Suture, and the zone of structural complexity immediately to the south of the deposit – representing a major exploration target analogous to the giant Donlin Creek system. Major dilatational jog in Gilmore Suture
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Pipe 1:Inferred & Indicated JORC Resource for Mt Adrah Hobbs Gold Deposit Inferred and Indicated JORC Resource of 239,000 oz @ 1.13g/t Significant gold JORC resource expansion potential below 120 metres Conceptual Target of 3-4 million oz gold at the Mt Adrah Hobbs Pipe 1, to 1,000m Gold grade increases with depth, 313 metre vertical drill hole DGG1 with continuous gold @ 1.42g/t Mineralisation open vertically and along a NW/SE trend Configuration of the Hobbs gold ore body based on a 0.5g/t Au cut-off. This clearly defines a vertically dipping igneous stock. Boundaries were connected by wire-frames to form a solid surface bounding the mineralized zone (Figure from Rankin 2005). Note open vertically below 350m limit of drilling. Pipe 1 Conceptual Target: 3-4 million ounces gold with a grade range 1.13–1.40 g/t contained in 65-90 million tonnes to 1,000 metres. Multiple Pipe Conceptual Target: 25-40 million ounces gold with a grade range 1.13–1.40 g/t contained in 500-770 million tonnes to 2,500 metres.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 +A$10M Historical expenditure to date 3D image of Hobbs Gold Deposit based on drill hold data. Note ore body is clearly open vertically and could extend to >1,000 metres below surface. Discovered by Getty Oil, 1981 Further substantial drilling by Cyprus & Michelago Gold mineralisation is refractory in arsenical pyrite, pyrite, arsenopyrite, and also free in quartz veins (Previous met work indicated potential recoveries > 92% via bacterial leaching) Mineralisation hosted in altered Monzodioritic intrusive pipes
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Free gold grain: Hole MAD-1 ~241m
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Pipe 1: Gold Grade Increases with Depth Mt Adrah Hobbs Deposit JORC Diamond Drill Hole DDG1 2m-100m 0.94g/t Au 100m-200m, 1.56g/t Au 200m-315m, 1.7g/t Au
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 20 Pipe 1: Gold Grade Increases with Depth
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Diamond hole DGG1 intersected 313m at 1.42 g/t Au and gold mineralisation remains open to depth Deep infill drilling to achieve 3-4Moz JORC Pipe 1: Completed & Planned Drill Holes
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Mt Adrah Multiple Gold-bearing Pipes Conceptual Target – 25-40Moz Pipe 1 Conceptual Target: 3-4 million ounces gold with a grade range 1.13–1.40 g/t contained in 65-90 million tonnes to 1,000 metres. Multiple Pipe Conceptual Target: 25-40 million ounces gold with a grade range 1.13–1.40 g/t contained in 500-770 million tonnes to 2,500 metres.
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Strong Evidence Supports Existence of Multiple Gold-bearing Pipes 23 Drill hole data, geological observations, geochemical and geophysical anomalies provide strong science for multiple pipe concept
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Ideal Logistics for Gold Mine Development Mt. Adrah is located approximately 400km south west of Sydney in Southern New South Wales. Excellent Logistics for Operating Environment: Close to major infrastructure, services and workforce - sealed roads, rail, airport, labour source, University, water, power, engineering, foundries and other key services etc. 17km northwest Adelong township and gold mining centre Easily accessible - predominately Freehold grazing country
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 25
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 26
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 27
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 28
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 29
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 Inferred & Indicated JORC Resource 239,000 oz at 1.13g/t for Mt Adrah Hobbs Gold Deposit (Pipe 1, Hobbs Pipe) Confidence in achieving Pipe 1 Conceptual Exploration Target of 3-4Moz Multiple Pipe Conceptual Target of 25-40Moz Gold Excellent logistics and infrastructure for gold mine development Potential bulk underground mining proposition with low-operating cost In a World Class neighbourhood, known to be gold-endowed Investment Summary
    • Sovereign Gold Company | Fully Funded Exploration Program for 2012-13 For more information, please contact: Michael Leu, CEO Kris Butera, CEO Sovereign Gold Company Limited Gossan Hill Gold Limited Level 2, 131 Macquarie Street Mobile: 0407 172 250 Sydney NSW 2000 discovery@mineralexploration.com.au Phone: +61 2 9251 7177 mleu@sovereigngold.com.au